Business news

The CBI has urged a change to the pension system in order to allow businesses extra breathing space in which to make good the shortfalls in their final salary schemes.

Laws that allow employers to oblige employees to retire at 65 should be scrapped.

Lending to both large and small firms remains weak, the Bank of England has said.

Figures have been released showing that the IR35 tax regulations are producing an average of just £1.5 million a year in tax revenues.

Changes to the rules next year will affect early access to pensions.

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